state funds
Scope
Date
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Alternative investments
POBA commits €80 mn to AXA's life science property fund
South Korea's Public Officials Benefit Association (POBA) has committed €80 million ($95 million) to AXA Investment Managers' fund, which recen...
Aug 03, 2021 (Gmt+09:00)
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Korean startups
Korean startups raise record-high Series A funding in H1
South Korea's startup ecosystem has been booming with companies raising over 1 trillion won ($870 million) in the first half of this year -- an all-...
Aug 02, 2021 (Gmt+09:00)
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Pension funds
Korean pension funds ramp up co-investment to seize good deals
South Korea’s pension funds are increasing co-investment as the COVID-19 is prolonged. They are attempting to solve difficulties in overseas d...
Aug 02, 2021 (Gmt+09:00)
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Pension funds
Canada’s CPPIB promotes Suyi Kim to global head of private equity
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...
Jul 30, 2021 (Gmt+09:00)
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Alternative investments
POBA commits $150 mn to Brookfield secondaries fund
South Korea's Public Officials Benefit Association (POBA) has ventured into the real estate secondaries market, committing $150 million to Brookfiel...
Jul 28, 2021 (Gmt+09:00)
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Metaverse
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
Jul 26, 2021 (Gmt+09:00)
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Venture capital
LG expands VC portfolio to industrial cyber security
LG Technology Ventures, a venture capital arm of South Korea's LG Group, has diversified its portfolio into the industrial cybersecurity market with...
Jul 26, 2021 (Gmt+09:00)
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ESG
SK, China's Joyvio to launch $90 mn alternative food fund
SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...
Jul 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
GIC set to buy stake in Starbucks Korea for $700 mn
Singapore's sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse ...
Jul 26, 2021 (Gmt+09:00)
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RFPs
Construction workers' fund invites bids for $25 mn infra mandate
South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund...
Jul 20, 2021 (Gmt+09:00)
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IPOs
Kakao Pay delays IPO following regulator request to refile prospectus
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...
Jul 20, 2021 (Gmt+09:00)
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Korean startups
Ex-TMON CEO launches e-commerce startup; raises over $17 mn in seed round
South Korea-based e-commerce startup RXC has secured around 20 billion won ($17.5 million) in a seed round -- an impressive and rare amount consider...
Jul 19, 2021 (Gmt+09:00)
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NPS to raise exposure to Kosdaq-listed blue chips
The National Pension Service (NPS) will raise exposure to up-and-coming biopharmaceutical, electric vehicle parts, entertainment and gaming companie...
Jul 18, 2021 (Gmt+09:00)
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Capital raising
Korea Inc. rush to sell property, new shares to fund new business
South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...
Jul 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock Real Assets makes first Korean offshore wind investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...
Jul 15, 2021 (Gmt+09:00)
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Real estate
Korean funds weigh overseas real estate exits in H2
Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...
Jul 14, 2021 (Gmt+09:00)
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Venture capital
Indonesia's HappyFresh draws half of new funding from Korea
Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...
Jul 09, 2021 (Gmt+09:00)
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Batteries
Korean battery SMEs rush for money to expand capacity
South Korean rechargeable battery-related companies are jumping into capital markets to raise money for capacity expansion as the fast-growing ele...
Jul 08, 2021 (Gmt+09:00)
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Pension funds
Govt pension fund makes first foray into overseas infrastructure
South Korea's Government Employees Pension Service (GEPS) has awarded a combined $105 million mandates to Goldman Sachs, Macquarie and Paris-based A...
Jul 06, 2021 (Gmt+09:00)
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Alternative investments
NPS buys Australian building for $900 mn to diversify investment
South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...
Jul 02, 2021 (Gmt+09:00)
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Artificial intelligence
NH Financial to buy $20 mn stake in Japan's solar farm
South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...
Jun 28, 2021 (Gmt+09:00)
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Korean startups
AI startup Voyager X raises over $25 mn in Series A funding round
South Korea-based artificial intelligence startup Voyager X Inc. has successfully raised around 30 billion won ($26.4 million) in a Series A funding...
Jun 23, 2021 (Gmt+09:00)
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Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...
Jun 18, 2021 (Gmt+09:00)
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Private debt
Korean institutions ranked top US liquidity provider under 2020 TALF
South Korean institutional investors, including the Public Officials Benefit Association (POBA) and Yellow Umbrella Mutual Aid Fund, emerged as the ...
Jun 17, 2021 (Gmt+09:00)
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Private equity
Harrison Street taps Korean LPs for $1.5 bn life science property fund
The Korean Teachers' Credit Union has committed $100 million to Harrison Street Real Estate Capital's new flagship fund that is aiming to raise $1.5...
Jun 17, 2021 (Gmt+09:00)
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Energy
GS Energy to create renewable JV with Spain’s Iberdrola
South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...
Jun 16, 2021 (Gmt+09:00)
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Korean startups
Mirae, Naver set for hefty profit from Didi Chuxing IPO
The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected to generate as much as 200 bil...
Jun 15, 2021 (Gmt+09:00)
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Pension funds
Govt pension fund to ease due diligence to revive global deals
South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...
Jun 14, 2021 (Gmt+09:00)
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Pension funds
Teachers' fund nets about $155 mn from Aberdeen's PPP projects
The Korean Teachers' Credit Union (KTCU) has netted a combined 173 billion won ($155 million) from its eight-year investment of A$100.8 million ($77...
Jun 14, 2021 (Gmt+09:00)
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Private equity
IMM Investment eyes $900 mn infrastructure fund launch
IMM Investment Corp., a South Korean alternative investment firm, is planning to raise 1 trillion won ($900 million) for its new infrastructure fund...
Jun 11, 2021 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer